I’m not staying up late tonight. I haven’t slept since yesterday, so let’s see if I can get to bed early tonight and reset my “sleep schedule” all at once... The little guy’s on fall break—what a strange vacation. I didn’t know they still had breaks like that... He’s off for 5 days, so I’ll take him out tomorrow. We can try out that new drone while it’s still allowed to fly...

The Nasdaq’s premarket action isn’t looking good. It’s given back a lot of yesterday’s gains. I keep feeling like once this wave of sentiment-driven buying has played out, there’s not much strength left to push prices higher. Bitcoin’s resistance has come down to 805-807, and the potential support nearby is still around 799-800. But the way this market is moving makes me feel like it could suddenly flush down at any moment😂. Even though the Korean index and memory stocks both tanked on the daily chart and still didn’t drag us down, something just feels off.

If you’re flat, it’s probably best to stay on the sidelines for now. If we break below 797, you could try a small short, with a stop just above the top of the last candle that started the drop. If you enter below 800, put the stop just above 800. For a long, wait and see whether 811-813 can break with volume before deciding. The price is hovering around 803, and that just feels weak. If you absolutely have to take a long and take a shot, set the stop at the short entry level (797). Keep the position small either way—this is just a probe, whether you’re short or long.

As long as we haven’t broken below 779-780, we can keep looking for the 4-hour bounce to continue. If price actually gets close to that level, it may be worth trying with a tight stop.

Tomorrow is NFP, so I’m guessing we’ll get another whipsaw in both directions. Hopefully it moves up a bit first and then comes back down. Otherwise, the chart we just managed to repair will give back everything it gained, which would be really frustrating...

I’m so deep underwater on SanDisk, Micron, the Korean index, and Intel that I’m not even looking anymore. I can only keep adding a little at a time. There hasn’t been even the slightest bounce, so I can’t even trade around the position—especially Intel. It’s just ridiculous...